Business
ITT Corp., struggling to cut debt and ward off the threat of takeover, said Wednesday that it is “accelerating” its 5-year-old divestiture program and plans to sell about $1.7 billion in assets.
Jan. 17, 1985
Hotels: The company’s breakup plan to fend off Hilton’s hostile takeover bid violates responsibility to investors, judge rules.
Sept. 30, 1997
The for-profit college chain ITT Educational Services has been banned from accepting new students at its 15 California locations under an emergency decision issued Friday by the state Department of Consumer Affairs’ Bureau for Private Postsecondary Education.
Aug. 26, 2016
United Education & Software said it bought a technical school in Chicago from the education-services subsidiary of ITT Corp., for an undisclosed price.
March 1, 1988
Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.
July 10, 2018
Starwood Hotels & Resorts said it’s exploring ways to sell its 35% stake in trade-school operator ITT Educational Services Inc., worth about $258 million, to focus on hotels and casinos.
Oct. 15, 1998
Regulator accuses ITT for-profit college chain of predatory lending
Feb. 26, 2014
The U.S.
May 12, 2015
The Securities and Exchange Commission has settled its fraud case against ITT Educational Services, but it continues to pursue top executives from the defunct for-profit college firm for deceiving investors about high rates of late payments and defaults on student loans backed by the firm.
July 3, 2017
Leon Wiggins II was looking forward to the start of classes next week as he closed in on a degree in ITT Technical Institute in Torrance and what he hoped would be a future in cybersecurity.
Sept. 6, 2016